Nokia's Dividend Demise

Nokia suspends its dividend, after more than 130 years.

The following video is from Thursday's MarketFoolery podcast, in which host Chris Hill, along with analysts Jason Moser and Andy Cross, discuss the top business and investing stories.

Nokia (NYSE:NOK) has released its quarterly earnings, and while it did report net profit, revenue was down, and the company is suspending its dividend, something that wasn't reassuring to the market. In this segment, the guys discuss several of the headwinds the company is facing, particularly the increased competition in this space right now.